Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black Sells 10,000 Shares

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Director Richard B. Black sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $35.27, for a total transaction of $352,700.00. Following the completion of the sale, the director now directly owns 167,813 shares of the company’s stock, valued at $5,918,764.51. This trade represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Applied Optoelectronics Price Performance

NASDAQ AAOI opened at $33.97 on Thursday. The firm has a market cap of $1.53 billion, a P/E ratio of -16.49 and a beta of 2.37. The stock’s 50-day moving average is $27.12 and its two-hundred day moving average is $16.34. Applied Optoelectronics, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Applied Optoelectronics by 272.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,281 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 6,787 shares during the last quarter. Pingora Partners LLC bought a new stake in shares of Applied Optoelectronics during the 3rd quarter worth $82,000. FMR LLC grew its stake in Applied Optoelectronics by 3,290.6% in the 3rd quarter. FMR LLC now owns 6,137 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 5,956 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Applied Optoelectronics in the 2nd quarter worth $89,000. Finally, Summit Securities Group LLC acquired a new position in Applied Optoelectronics during the 2nd quarter worth $109,000. 61.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley downgraded shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price for the company. in a research report on Tuesday, December 10th. Raymond James increased their price objective on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Northland Securities restated an “outperform” rating and issued a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday. Rosenblatt Securities raised their price target on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com raised Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.